nLIGHT, Inc. (NASDAQ:LASR) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in nLIGHT, Inc. (NASDAQ:LASR) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,032 shares of the company’s stock after selling 7,759 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of nLIGHT worth $823,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pinnacle Associates Ltd. increased its position in shares of nLIGHT by 18.1% during the 2nd quarter. Pinnacle Associates Ltd. now owns 2,020,769 shares of the company’s stock valued at $22,087,000 after purchasing an additional 309,634 shares during the period. Royce & Associates LP grew its stake in shares of nLIGHT by 9.1% in the 3rd quarter. Royce & Associates LP now owns 2,733,476 shares of the company’s stock worth $29,221,000 after purchasing an additional 227,580 shares during the last quarter. Divisar Capital Management LLC raised its holdings in shares of nLIGHT by 9.4% in the 2nd quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company’s stock worth $16,897,000 after purchasing an additional 133,023 shares in the last quarter. Fisher Asset Management LLC acquired a new stake in nLIGHT during the third quarter valued at approximately $1,342,000. Finally, Algert Global LLC bought a new position in shares of nLIGHT in the third quarter valued at $622,000. Institutional investors and hedge funds own 83.88% of the company’s stock.

nLIGHT Trading Down 2.3 %

Shares of nLIGHT stock opened at $9.88 on Friday. nLIGHT, Inc. has a 1 year low of $9.66 and a 1 year high of $14.75. The company has a market cap of $478.48 million, a P/E ratio of -9.59 and a beta of 2.20. The stock has a 50-day moving average price of $11.30 and a 200 day moving average price of $11.36.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LASR shares. Needham & Company LLC lifted their target price on nLIGHT from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald assumed coverage on shares of nLIGHT in a research report on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 target price on the stock.

Insider Buying and Selling at nLIGHT

In other news, CFO Joseph John Corso sold 2,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $10.92, for a total value of $27,300.00. Following the transaction, the chief financial officer now directly owns 155,129 shares of the company’s stock, valued at approximately $1,694,008.68. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Scott H. Keeney sold 15,000 shares of nLIGHT stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $11.20, for a total value of $168,000.00. Following the sale, the chief executive officer now directly owns 1,347,781 shares of the company’s stock, valued at approximately $15,095,147.20. The trade was a 1.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,006 shares of company stock worth $907,566. 6.10% of the stock is currently owned by company insiders.

About nLIGHT

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.